>>> Up
*ALACER GOLD RAISED TO BUY VS NEUTRAL AT GOLDMAN
*ANTOFAGASTA RATED NEW MARKET PERFORM AT BMO
*ANTOFAGASTA RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*CGG RAISED TO OUTPERFORM VS MARKET PERFORM AT RAYMOND JAMES
*ILIAD RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*INDRA REINSTATED BUY AT BOFAML, PT EU14.50
*KAZAKHMYS RATED NEW MARKET PERFORM AT BMO
*OTE RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*SHELL RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*SMITHS GROUP RAISED TO OVERWEIGHT AT MORGAN STANLEY
>>> Down
*ACRON CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*AZ ELECTRONIC CUT TO EQUALWEIGHT VS OVERWEIGHT: MORGAN STANLEY
*DNB CUT TO NEUTRAL VS BUY AT NOMURA
*IAG CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC
*KAZAKHMYS CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*KAZAKHMYS CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*SKY DEUTSCHLAND CUT FROM CONVICTION BUY AT GOLDMAN, STILL BUY
*TELE2 CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*TELEKOM AUSTRIA CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*TELIASONERA CUT TO SELL VS HOLD AT DEUTSCHE BANK
>>> PT Change
*STANDARD CHARTERED PT CUT 9% TO HK$178 AT DEUTSCHE BANK
>>> Initiation
*ATOS REINSTATED NEUTRAL AT BOFAML, PT EU65
*DAILY MAIL REINSTATED OUTPERFORM AT CREDIT SUISSE, PT 1,150P
*INDRA REINSTATED BUY AT BOFAML, PT EU14.50
>>> Country Sector Stock Call
>>Stocks
*DAILY MAIL ADDED TO CREDIT SUISSE FOCUS LIST
*EASYJET REMOVED FROM UBS’S MOST PREFERRED LIST
*RYANAIR REMOVED FROM UBS’S LEAST PREFERRED LIST
*SKY DEUTSCHLAND CUT FROM CONVICTION BUY AT GOLDMAN, STILL BUY
>>Strategy
*Barclays Remains Overweight Equities Relative to Bonds for 2014